The trade policy uncertainty (TPU) index surged by 386.4 per cent year on year in the third quarter (Q3) this year—the second-highest reading since 1960, underscoring volatility in global trade policy, it noted.
Although the index fell by 32 per cent quarter on quarter as negotiations advanced and supply chains adjusted, the report by the Department of Economic Affairs (DEA) cautioned that the global trade environment remains fragile.
Inflation eased to 1.54 per cent in September and the country’s trade performance has been robust, with total exports up by 4.4 per cent year on year (YoY) in the first half of FY26 to $413.3 billion.
With structural reforms and continued fiscal prudence, India’s growth trajectory remains strong, though weather shocks and moderating credit growth could test its resilience ahead, it added.
ALCHEMPro News Desk (DS)
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